All retail stock that were flying high during covid was simply because people were not travelling and I don't mean travelling interstate or international what I mean is travelling within City itself.
It cost me every year $3000 per year to buy tickets from Sydney Train to travel to city after tax, plus around $1600 per year in coffee plus $2000 per year in lunch and while I am not fan of alcohol but to those who drink or go to club I can assume they probably saving another $2000 per year in clubs & alcohol ... now that's whooping minimum $6500 per year now if I add those saving plus add saving of other travel and leisure activity then roughly I saved around $10k which went straight into Vanguard but there are many who don't necessarily spend in stocks but spend in items they normally don't buy and that is the reason plus government grant boosted sales of majority if not all retail online shop fronts in my opinion.
post covid as you explain there will be cut to plenty of unnecessary spend in shops but more will be to travel overseas or locally so I won't be surprised many retail stores might go back to pre-covid level in particular those with debt have much bigger impact due to interest rate rises and inflation ... in my opinion. I am holding my buying of retail stocks at the moment simply because of this reasons.
SUL Price at posting:
$10.60 Sentiment: None Disclosure: Not Held
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